PERSON DIRECTORY
Steve Gorelik
Steve Gorelik appears in 2 indexed conversations across Yet Another Value Podcast. This directory brings every appearance, source, TL;DR, digest, and transcript into one searchable feed.
$DNOW: the boring distributor that could double on 2029 numbers | Firebird Management
DNOW’s MRC Global merger creates a full-chain distributor with $75M targeted synergies and water, utilities, and data-center exposure.Buybacks at $10–12 and debt paydown support a cash-flow case, while the conservative-looking 2027 $350M EBITDA guide compares with roughly $400M on 2024 numbers.Reaching $30–32 by 2028–2029 from $16 depends on $300M 2027 FCF and re-rating, leaving ERP execution, macro recovery, and multiple expansion to monitor.
Firebird Management's Steve Gorelik's Molina Healthcare Bull Thesis $MOH
Molina Healthcare’s roughly 50% stock collapse reflects a margin shock as industry medical costs reached about 92% of premiums, cutting Molina’s margin from 4% to 2%, while its roughly 7% administrative-cost ratio remains below peers.Recovery hinges on state rate increases catching utilization, with Medicaid redeterminations and the One Big Beautiful Bill Act posing renewed adverse-selection risk; resumed buybacks would be a key signal.